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To amend the Small Business Act and the Small Business Investment Act of 1958 to increase the maximum loan amount for certain loans, and for other purposes.
Summary
This bill increases the maximum loan amounts for two types of Small Business Administration loans. For 7(a) loans (general-purpose small business loans), the maximum loan amount increases from $3.75 million to $7.5 million, and the maximum gross loan amount increases from $5 million to $10 million. For development company loans (which finance business expansion and economic development), the maximum loan amount increases from $5 million to $10 million. The bill doubles both loan amount caps for each type of loan. These changes would allow small business borrowers to access larger SBA-guaranteed loans for their business needs.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Sen. Tillis, Thomas [R-NC] (R-NC)
1 cosponsor
- Sen. Fetterman, John [D-PA] (D-PA)
Actions (4)
- Jul 30, 2025 Referred to the Committee on Small Business and Entrepreneurship. · senate
- Jul 30, 2025 Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. · senate
- Mar 6, 2025 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. · senate
- Mar 6, 2025 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE SENATE OF THE UNITED STATES
March 6, 2025
Mr. Tillis introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
A BILL
To amend the Small Business Act and the Small Business Investment Act of 1958 to increase the maximum loan amount for certain loans, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Loans In Our Neighborhoods Act of 2025” or the “LIONs Act of 2025”.
SEC. 2. MAXIMUM LOAN AMOUNT FOR A 7(A) LOAN.
Section 7(a)(3)(A) of the Small Business Act (15 U.S.C. 636(a)(3)(A)) is amended by striking “$3,750,000 (or if the gross loan amount would exceed $5,000,000)” and inserting “$7,500,000 (or if the gross loan amount would exceed $10,000,000)”.
SEC. 3. MAXIMUM LOAN AMOUNT FOR A DEVELOPMENT COMPANY LOAN.
Section 502(2)(A) of the Small Business Investment Act of 1958 (15 U.S.C. 696(2)(A)) is amended—
(1) by striking “$5,000,000” each place it appears and inserting “$10,000,000”; and
(2) by striking “$5,500,000” each place it appears and inserting “$10,000,000”. <all>
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